Company Analysis

Berkshire Hathaway (BRK.B)

NYSE: BRK.B · Fire, Marine & Casualty Insurance · Omaha, NE · filing with the SEC since 1998
Grade4.4
◀ Past 3.6● Present 5.6▶ Future 4.3
1 est.

The grade of Berkshire Hathaway

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past3.640% of the headline
● Present5.635% of the headline
▶ Future4.325% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.6/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.4/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2022-10-04.

weight 33% of this tense · 24th percentile among 60 sector filers · read for itself

From the record

Berkshire Hathaway's filings since 2017 show 2 warning events: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2022-10-04) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.0/10

What has it actually done, year after year?

+6.3% a year over 10 filed years; profitable in 9 of 10.

weight 22% of this tense · 60th percentile among 56 sector filers · read for its customers

From the record

Berkshire Hathaway's 10 filed years say what it did: revenue went from $215 billion in fiscal 2016 to $371 billion in fiscal 2025, up 6.3% a year; it rose in 8 of 9 years; the deepest fall was 4% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.3%bottom 45% of its family
  • the share of years revenue rosetop 33% of its family
  • the share of filed years with a profittop 40% of its family
  • the deepest fall from a revenue peak3.5%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
3.2/10

How has it treated the people who own it?

SI estimate 3.2/10, confidence 35 of 100 (one part).

weight 45% of this tense · 32nd percentile among 60 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 32% of 60 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 60 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Berkshire Hathaway's shareholder treatment is put at 3.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 32% of 60 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.6/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
6.1/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 41%: owes 41¢ per asset dollar.

weight 45% of this tense · 61st percentile among 60 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Berkshire Hathaway earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 41 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 3% of its family
  • return on equitybottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.6/10

How strong is its position in its industry?

top 34% of 60 in its family; net margin 18%.

weight 33% of this tense · 66th percentile among 60 sector filers · read for its customers

From the record

Berkshire Hathaway's standing among 60 graded names in its industry family: revenue of $371 billion in fiscal 2025 ranks in the top 2% by size; a net margin of 18% ranks in the top 28%; revenue growth of 7.1% a year over the last 3 filed years ranks in the bottom 28% (its annual reports).

What it rests on

  • revenue against the family$371.4Btop 2% of its family
  • net margin18.0%top 28% of its family
  • three-year revenue growth7.1%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.0/10

What are the people in charge doing?

bottom 30% of 47 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 30th percentile among 47 sector filers · read for its shareholders

From the record

Berkshire Hathaway's leadership, from its insiders' filings and its current reports: the chief executive on the record is Abel, Gregory (President and Chief Executive Officer, as filed), filing under that title since 2026-03-05, 8 months (bottom 9% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 8.8 years (top 36%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 16%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 6 peoplebottom 16% of its family
  • the median years the people in charge have filed8.8 yearstop 36% of its family
  • the chief executive's years on the record8 monthsbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.9/10

How much room does it have to grow?

bottom 49% of 60 in its family for room to expand.

weight 33% of this tense · 49th percentile among 60 sector filers · read for itself

From the record

Berkshire Hathaway's room to grow, from the newest filed statements (fiscal 2025): cash of $53 billion against no long-term debt tagged leaves 4.3% of its assets as net cash, top 30% of its family; cash from operations less capital spending is 6.7% of revenue (bottom 28%) (its annual report).

What it rests on

  • cash less debt against assets4.3%top 30% of its family
  • cash from operations less capital spending against revenue6.7%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.5/10

What could actually drive growth from here?

bottom 44% of 56 in its family for growth drivers.

weight 33% of this tense · 44th percentile among 56 sector filers · read for its customers

From the record

Berkshire Hathaway's growth drivers, from the filed years to fiscal 2025: revenue grew 7.1% a year over the last three filed years against 6.3% over all 10, speeding up (bottom 34% of its family); the newest year grew 0% (bottom 21%); capital spending grew 10.6% a year (top 22%) (its annual reports). Berkshire Hathaway reported 7 lines of business in fiscal 2025: Insurance Corporate and Other at $108 billion (29%), Manufacturing Businesses at $78 billion (21%), Mc Lane Company at $50 billion (14%), and 4 more; 3 of 7 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.9 points a yearbottom 34% of its family
  • the newest year's revenue growth0.0%bottom 21% of its family
  • three-year growth of capital spending10.6%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.5/10

Did its newest year beat what its own record pointed to?

bottom 35% of 56 in its family for expectations against reality.

weight 33% of this tense · 35th percentile among 56 sector filers · read for its shareholders

From the record

Berkshire Hathaway's newest year against its own record: revenue of $371 billion in fiscal 2025 came in 9.8% below the $412 billion its prior three years' pace pointed to (bottom 29% of its family); net income of $67 billion against a prior three-year average of $54 billion (bottom 25%); a net margin of 18% against 14.3% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-9.8%bottom 29% of its family
  • net income against the prior three years' average+24%bottom 25% of its family
  • net margin against its prior average+3.8 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BRK.B · research, not advice